Subex earns Esc440 million dollars from FAS business

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Bangalore, Oct 1(UNI) Subex Azure Ltd, a leading global provider of Operations Support Systems (OSS) solutions for telecom operators, announced today that it has completed 180 days of successful integration of Syndesis Ltd, a leading provider of telecom OSS solutions, with recognised leadership in Fulfillment and Assurance solutions (FAS).

The first quarter, post acquisition has brought in revenues of Rs.

440 million from the FAS business unit, a press release said.

The press release said that post the completion of the acquisition on April one, Subex Azure has had eight new wins including three FAS customers. During this period, the company also launched its first FAS offering, the subscriber-centric VoIP Express bundles, that accelerate the creation and automate the complex provisioning of VoIP offerings for business and consumer markets.

Chairman, Managing Director and CEO, Subex Azure Ltd, Subash Menon, said, "This seamless transition is yet another example of Subex Azure's inherent ability to create immense value out of every acquisition. The momentum is expected to pick up further in the coming months, and help us achieve our target of US 0 million by the end of this fiscal".

UNI

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